Goldman Sachs Group Inc. Invests $705,000 in PAMT Corp. $PAMT

Key Points

• Goldman Sachs invested $705,000 in PAMT Corp., acquiring 58,035 shares, representing about 0.27% ownership of the company.
• PAMT Corp. reported a negative earnings per share of ($0.46) and had a revenue of $151.13 million for the latest quarter.
• Analysts have a consensus rating of "Hold" on PAMT, with an average price target of $13.00, up from a previous target of $12.50.

Goldman Sachs Group Inc. purchased a new stake in PAMT Corp. (NASDAQ:PAMT - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 58,035 shares of the company's stock, valued at approximately $705,000. Goldman Sachs Group Inc. owned about 0.27% of PAMT as of its most recent SEC filing.

Separately, Strs Ohio bought a new stake in PAMT during the 1st quarter worth about $100,000. 22.06% of the stock is owned by hedge funds and other institutional investors.

PAMT Price Performance

PAMT stock opened at $12.16 on Thursday. The company has a current ratio of 1.77, a quick ratio of 1.75 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $254.51 million, a P/E ratio of -5.60 and a beta of 0.86. The business has a 50-day moving average of $12.54 and a 200-day moving average of $13.06. PAMT Corp. has a 1 year low of $11.01 and a 1 year high of $23.70.

PAMT (NASDAQ:PAMT - Get Free Report) last released its quarterly earnings data on Friday, July 25th. The company reported ($0.46) earnings per share for the quarter. PAMT had a negative return on equity of 8.41% and a negative net margin of 7.16%.The firm had revenue of $151.13 million for the quarter. On average, equities analysts anticipate that PAMT Corp. will post 0.85 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Stephens raised their target price on shares of PAMT from $12.50 to $13.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 29th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $13.00.

About PAMT

PAMT Corp. is a holding company, which engages in the provision of truckload and logistics services through its subsidiaries. Its freight consists primarily of automotive parts, expedited goods, consumer goods, such as general retail store merchandise, and manufactured goods, such as heating and air conditioning units.

Want to see what other hedge funds are holding PAMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PAMT Corp. (NASDAQ:PAMT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.